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Property development advice
randomcup02
Posts: 2 Newbie
We currently live in house which occupies a plot of around 1.5 acres in a small village. Recently there has been a lot of redevelopment in a neighbouring village (developments of around 10 houses). If we wanted to, what would be the best way to proceed with looking to develop this in a similar way?
- Approach a developer directly?
- Try and go independently and get planning permission and then approach a developer?
- Other ways?
Thanks in advance for any advice kindly offered
- Approach a developer directly?
- Try and go independently and get planning permission and then approach a developer?
- Other ways?
Thanks in advance for any advice kindly offered
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Comments
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You will need to get PP first if you want to make the money from it.
Check your local development plan for the area to check whether there is any hope of building there.
Then, because it's larger scale, I'd get a Planning Consultant involved to try and mitigate the chances of the application being rejected.Everything that is supposed to be in heaven is already here on earth.
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Also, given the size of your plot, do not assume that all your capital gains will be free of CGT.If you feel my comments are helpful then I'd love it if you 'Thanked' me!
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Doozergirl wrote: »You will need to get PP first if you want to make the money from it.
Check your local development plan for the area to check whether there is any hope of building there.
Then, because it's larger scale, I'd get a Planning Consultant involved to try and mitigate the chances of the application being rejected.
Seconded. One way to get a suitable planning consultant is to look up the applns for the neighbouring village, either on the council's website, or in person at the planning office, and see who was involved in the successful applns there.
I'd aim to get the PP before involving builders and developers0 -
Many thanks for the great replies.
Is there any advantage to knowing what a developer would want to do with it first? i.e. going to planning and getting planning for 2 houses when maybe the developer would want 5 on there? Or can they go back and change the plans.0 -
A good planning consultant should be more than able to advise you as to what will maximise the value of your land, whilst being the most marketable and most likely to obtain consent.If you feel my comments are helpful then I'd love it if you 'Thanked' me!0
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randomcup02 wrote: »Is there any advantage to knowing what a developer would want to do with it first? i.e. going to planning and getting planning for 2 houses when maybe the developer would want 5 on there? Or can they go back and change the plans.
If you're planning on staying in your current home and subdividing your plot, then I think the crucial question is "What would I be happy living next to?" rather than "Can I keep the developer happy?"0 -
Get in contact with the council first. You should be able to pop in and have a quick chat with sometime in the planning department to get initial ideas on whether developing on your land is feasible. They will also be able to recommend an architect to use. These in turn will be able to recommend different planning consultants etc to take the project forward. Being in a small village, you definately need to find an architect with a good reputation with the council as your development will be looked on much more favourably.0
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It is all avoidable - at the price of selling off the whole plot with PP and moving. AIUIAlso, given the size of your plot, do not assume that all your capital gains will be free of CGT.Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0
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